The area around the Raiders stadium may not be the best or easiest place to build a big project or open a retail business.
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The $1.84 billion stadium project about a mile west of Las Vegas Boulevard, was dumb luck for nearby landlords. A few bought property right across from the stadium site as recently as 2015 — two years before the football team purchased its land — and others have owned parcels much longer.
The NFL team, which plans to move to Las Vegas from Oakland, California, in 2020, is already building its 65,000-seat stadium near the Strip. But it hasn’t submitted building plans for its practice facility and headquarters off St. Rose Parkway near Henderson Executive Airport.
City Crossing, by developer Bill Plise, was one of countless megaprojects in the Las Vegas Valley during the bubble years ofthe mid-2000s. And during the recession, it was one of many that flopped.